in collaboration withAccentureVersion: July 2023World Economic Forum in collaboration with AccentureEnabling Measures Roadmap for Renewable HydrogenEuropeVersion: July 20231In collaboration withAccentureVersion: July 2023PreviousNextTable of contentWorld Economic Forum in collaboration with AccentureExecutive Summary (1/2)2TheEuropeanUnionhaspledgedtoreduceGHGemissions by 55% by 2030 (compared to 1990 levels) andto achieve carbon neutrality by 2050. As one of the topfive consumers of energy globally, and the world’s thirdlargest economy, Europe’s transition to Net Zero will besignificantforglobaleffortstoachievetheParisAgreementtargets.Renewablehydrogenhasbeenidentified in REPowerEU as one of the main levers to helpdecarbonize the EU in a cost-effective way and to reducedependence on imported fossil fuels.This report by the World Economic Forum, in collaborationwith Accenture, is an updated version of the EnablingMeasures Roadmap for Green* Hydrogen released afterCOP26(January2022).ThepurposeoftheinitialRoadmap was to identify key enablers to achieve a scaledand traded renewable hydrogen market.The goal of this updated Roadmap is two-fold:1.Toidentifypolicydevelopments,fundingandinitiatives related to renewable hydrogen in Europe.2.To take stock of the current progress made towardspreviously defined objectives and associated timeline.First, an overview and timeline of the key Europeanstrategiesandlegislations,financialinstrumentsandinstitutions related to renewable hydrogen are presented;highlighting multiple updates since the release of the initialRoadmap in January 2022 and a multifaceted EU fundingand institutions landscape. Together the presented policymeasuresandfundinginstrumentswillcontribute toproviding the much-needed attractive policy frameworkand investment cl...
